A decreasing long-term liability account is presented on the statement of cash flows as
a. a decrease in cash in the Financing Activities category.
b. a decrease in cash in the Investing Activities category.
c. an increase in cash in the Operating Activities category.
d. an increase in cash in the Financing Activities category.
a
You might also like to view...
_____ is one of the primary languages used to compose and retrieve webages and support the presentation of pictures with marked areas.
A. ?XML B. ?HTTP C. ?SGML D. ?CSS
Assume that a major customer of the company that you are auditing files for bankruptcy during the subsequent period because of a deteriorating financial condition. Neither you nor the client becomes aware of the event until the bankruptcy filing is reported. What type of subsequent event would this be?
a. Type I subsequent event b. Type II subsequent event c. Neither Type I or Type II d. Both Type I and Type II
The preferred sequence for distributing the cost of service departments to production departments when using the sequential distribution method is:
a. to distribute the cost of the service department with the largest total overhead cost first. b. to always distribute the cost of the Human Resources Department first. c. to distribute the costs of the service departments to the production department having the largest amount of overhead cost first. d. to distribute the costs of the service department that services the greatest number of departments first.
If you are using specific examples to support a larger theory within your presentation, you are using what method of reasoning?
a. deductive b. inductive c. logical d. emotive